Bayport Savings and Loans

What Bayport Savings and Loans does

Bayport Savings and Loans PLC is a Ghana-listed non-bank financial institution, incorporated in 2003 and headquartered in Accra at 22 Nii Nortei Nyanchi Street, Airport West. It is a subsidiary of Bayport Management Limited (BML), a Mauritius-incorporated holding company that operates across nine countries in sub-Saharan Africa and Latin America. The company is registered with the Bank of Ghana under PNDC law 328, is a member of the Ghana Deposit Protection Scheme, and holds ISO/IEC 27001:2022 certification. Its primary customer base is approximately 180,153 active borrowers, almost entirely government employees whose salaries are processed through the Controller and Accountant General's Department (CAGD), giving Bayport a 28.5% market share in Ghana's payroll-lending sector across 43 nationwide locations.

The company's product suite comprises three core offerings: the Bayport Payroll Loan (deduction-at-source salary loans up to GHS 15,000 with fixed rates and tenors from 1 to 60 months, originated digitally with no collateral requirement), the Bayport Fixed Deposit (fixed-term investments at 91, 182, or 365-day tenors with 24-hour redemption), and a regular Savings Account. Distribution is multi-channel: 43 physical branches, a call centre, over 1,000 commissioned sales agents, and digital touchpoints including a website, USSD platform, and WhatsApp banking. The technology stack integrates AI and rule-based automation into end-to-end credit decisioning, enabling over 75% of loans to be disbursed within three hours and supporting automated collections and onboarding workflows.

Bayport's revenue model is anchored on net interest income from payroll-tied lending, funded by a mix of customer deposits and corporate bond issuance on the Ghana Fixed Income Market (cumulative bonds of GHS 725 million since 2015 under a GHS 500 million programme). As of end-2025 the company reported total assets of GHS 1.88 billion, customer deposits of approximately GHS 1.06 billion, net loans and advances of GHS 1.36 billion, profit before tax exceeding GHS 100 million, and profit after tax of GHS 72 million — up roughly threefold year-on-year, alongside an NPL ratio improvement to 9.1% and a cost-to-income ratio of 56%.

Name

Bayport Savings and Loans

Legal name

Bayport Savings and Loans PLC

Website

https://bayportghana.com

Company type

Public

Founded year

2003

Operating status

Operating

Headcount range

251–500 employees

Short description

Bayport Savings and Loans PLC is a Ghana-listed non-bank financial institution providing deduction-at-source payroll loans, fixed deposits, and savings accounts to over 180,000 active government employees across 43 locations in Ghana.

Ownership category

akta.pro rank

Product category

Consumer Lending

NAICS

Savings Institutions and Other Depository Credit Intermediation (522180), Depository Credit Intermediation (5221)

SIC

Personal Credit Institutions (6141), Savings Institutions, Not Federally Chartered (6036)

akta.pro primary industry

Salary-Backed / Payroll-Deducted Secured Loans (FSAKALAI)

Keywords

• Payroll lending
• Fixed deposits
• Savings accounts
• Consumer credit
• Deduction-at-source lending

Headquarters

HQ city

Accra

HQ country

Ghana

HQ region

Africa

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Payroll Lending Interest Income: Interest income from salary-based loans extended to government workers and public sector employees. Loans are repaid through payroll deductions at source.
2. Fixed Deposit Interest: Returns on fixed deposit investments with terms of 91, 182, or 365 days, offering competitive interest rates to individuals and institutions.
3. Bond Issuance: Capital raised through corporate bond issuances on the Ghana Fixed Income Market. Bayport has issued multiple tranches totaling GHS 725 million under its bond programs.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels6 records

Core offering

Bayport Savings and Loans PLC is a Ghanaian non-banking financial institution that provides payroll-tied salary loans to public sector employees and approved private sector workers via a deduction-at-source repayment model, alongside fixed-term deposit investment products and savings accounts. Loans are originated and disbursed through digital platforms (USSD, WhatsApp, website) with no collateral required, while fixed deposits are offered with terms of 91, 182, or 365 days at guaranteed competitive interest rates.

Product overview

Bayport Savings and Loans PLC is a non-banking financial institution registered with the Bank of Ghana, specializing in payroll lending and deposit-taking services. The company operates a unified financial services platform comprising three core products: the Bayport Fixed Deposit (a fixed-term savings and investment product with guaranteed returns, flexible terms of 91 to 365 days, and 24-hour redemption), the Bayport Payroll Loan (a deduction-at-source salary loan for government and approved private sector workers, originated entirely through digital platforms with disbursements within minutes to 24 hours), and a regular Savings Account. Founded in 2003, Bayport has grown to become Ghana's largest payroll lender with approximately 28.5% market share among government sector workers, serving over 180,000 active borrowers across 43 locations nationwide. The company also delivers its products through digital channels including USSD and WhatsApp banking, and holds ISO 27001:2022 certification for information security.

Differentiator

Problem solved

Functional benefit

Brands

• Payroll Loan: Salary loan product granted to public servants paid through the Controller and Accountant General's Department (CAGD), with super-fast and convenient digital origination and disbursement.
• Bayport Fixed Deposit
• My Money (Savings Account)
• Bayport Educational Scholarship Scheme
• BayVolunteerism
• Trash to Treasure

Products and services

• Bayport Payroll Loan A salary-based unsecured loan for public servants paid through the Controller and Accountant General's Department (CAGD) and employees of approved government or private organizations. Loans are originated and disbursed through digital platforms with payments made directly to mobile money wallets or bank accounts, up to GHS 15,000 with terms of 1 to 60 months and no collateral required.
• Bayport Fixed Deposit A fixed-term investment account offering guaranteed competitive interest rates with flexible maturity periods of 91, 182, or 365 days. Redemption is processed within 24 hours upon maturity, with no setup, maintenance, or transaction fees. Regulated by the Bank of Ghana and a member of the Ghana Deposit Protection Scheme.
• Savings Account (My Money) A savings account product allowing customers to deposit and grow funds with Bayport Savings and Loans, accessed through the My Money Application Form.

Quantifiable outcome

• 75% of loans disbursed within 3 hours using AI-powered credit assessment
• +5 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature4 records

Partnerships

Three partnerships are on record, tiered core and historical.

• Ghana National Association of Teachers (GNAT)coreStrategic or Co-development Partner · 1 January 2007Partnership established during 2007/2008 academic year for the Bayport Educational Scholarship Scheme. The scholarship initiative has supported over 100 brilliant but financially disadvantaged students from basic school to university through various stages of education.
• Controller and Accountant General's Department (CAGD)coreStrategic or Co-development PartnerGovernment agency through which Bayport administers payroll-tied loans to public servants. The partnership enables the deduction-at-source model where loan repayments are collected directly from government payroll.
• AngloGold AshantihistoricalStrategic or Co-development PartnerOriginal employer client when Bayport started in 2003 as Ghana Financial Services in Obuasi. AngloGold Ashanti helped pioneer and develop Bayport's innovative deduction-at-source lending model.

Scale indicators14 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Renmoney: Nigeria-licensed microfinance bank providing salary-based consumer loans and savings products to formal-sector employees, including civil servants. Closely comparable in unsecured payroll lending with employer-channel repayments.
• Letshego Africa Group: Pan-African inclusive finance group offering payroll-deducted loans to employed public and private sector workers across multiple African markets. Comparable in employer-channel distribution, salaried customer base, and digital disbursement infrastructure.
• Bayport Financial Services Zambia: Sister subsidiary of Bayport Management Limited operating the same deduction-at-source payroll lending model in Zambia. Directly comparable in product set (payroll loans, fixed deposits), technology stack, and customer segment (formal-sector employees).

Emerging players

• JUMO: Mobile lending platform providing unsecured credit to underbanked consumers across African markets. Partial overlap on digital, data-driven consumer lending but does not currently operate the deduction-at-source employer model that anchors Bayport.
• M-KOPA Kenya: Asset-financing fintech extending credit via mobile platforms to underbanked customers across East Africa. Comparable in financial-inclusion mission and mobile/USSD-driven distribution, though focused on productive asset financing versus payroll lending.
• Carbon (formerly Paylater): Digital lender operating in Nigeria and other African markets, providing consumer and salary-backed credit through mobile-first underwriting. Overlaps with Bayport on digital lending experience but competes on speed rather than deduction-at-source repayment.
• Branch International: Mobile lending fintech serving emerging markets with salary-based and mobile-credit products. Comparable on alternative-data underwriting and digital origination but operates in a different employment-segment niche than Bayport's public-sector focus.

Broad incumbents

• Ecobank Ghana: Universal commercial bank offering salary-backed consumer loans, deposits, and digital banking in Ghana. A comparable competitor for both Bayport's lending book (public-sector workers) and its fixed deposit franchise.
• GCB Bank PLC: Ghana's state-owned universal bank with full deposit-taking, lending, and trade-finance capabilities. Bayport competes with GCB for the same government-payroll customer base and deposit funding pool, but GCB operates across all banking verticals at much greater scale.
• MTN MoMo (Mobile Money) Ghana: Ghana's largest mobile money wallet, increasingly offering micro-credit, savings, and insurance products. Competes with Bayport for the same underbanked customer wallet share and is extending into payroll disbursement to formal-sector employees.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/BayportGhana
• Facebookfacebook.com/sidy10gh
• LinkedInlinkedin.com/company/bayport-savings-and-loans

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bayport Savings and Loans